3i
PE conquers Marathon of Marathons
The sun pounded the private equity runners as their feet pounded the pavement for 26.2 miles from the town of Marathon to the centre of Athens yesterday. The Marathon of Marathons brought together 250 industry professionals to run the original route.
Spanish VC association appoints new president
Maite Ballester will become president of the Spanish Venture Capital and Private Equity Association (Ascri) until an election for a permanent candidate is held.
Segulah acquires Balco from 3i
Segulah Advisor AB has acquired Swedish-based balcony specialist Balco AB in an SBO from 3i and management.
3i sells MWM Holding GmbH to Caterpillar Inc
Two months after announcing its intention to sell MWM Holding GmbH, 3i has agreed a price for the gas and diesel engine manufacturer.
3i considers selling its stakes in Foster + Partners
3i is considering offloading its stake in architecture practice Foster + Partners, according to recent media reports.
Consortium sells BuyVIP to Amazon.com
A consortium of private equity investors is to sell Spanish e-commerce community BuyVIP to Amazon.com for around €75m.
Time running out for Coronel Tapiocca
Coronel Tapiocca, the Spanish fashion label owned by Gala Capital, has failed to reach an agreement with its lenders before today’s deadline.
3i and TCR Capital acquire Trescal from Astorg
3i and TCR Capital have acquired a majority stake in French measurement services specialist Trescal from Astorg Partners.
Jonathan Russell departs from 3i
3i’s managing partner of buyouts will leave the company after 24 years, according to reports.
3i puts Hyva up for sale
3i has appointed M&A brokers to seek a sale for Hyva, its highly profitable pump manufacturing portfolio firm, according to reports.
3i exits Panreac via trade sale
3i has completed the exit of its Spanish chemicals business Panreac via a trade sale to Illinois Tool Works Inc (ITW).
3i mulls over possible GES sale
3i Group has hired Citigroup to conduct a strategic review of Spanish wind farms builder Global Energy Services (GES).
3i to sell Tommee Tippee maker
3i is reportedly mulling plans to sell baby bottle manufacturer Mayborn, with the company estimated to be worth in excess of £200m.
3i-backed Refresco acquires SDI
3i-backed soft drinks and fruit juice producer Refresco has acquired Soft Drinks International (SDI) as part of the company’s buy-and-build strategy.
Smaller investors look to private equity ETFs
Investors seeking to gain exposure to the private equity asset class have increasingly been looking to use synthetic products. Interest has not only been from smaller investors in search of lower liquidity risks and entry barriers, but LPs sitting on...
AAC Partners in talks with 3i over £110m deal
AAC Capital Partners is in talks about the potential acquisition of 3i portfolio company NSL Services, according to reports.
3i to sell German MWM and Norma Group
3i is reportedly working on plans to sell two German portfolio companies, MWM and Norma Group, whose collective value has been estimated to be in excess of €1bn.
3i exits business support specialist KNEIP
3i has exited its minority stake in KNEIP, a Luxembourg-based provider of specialist business support services to the asset management industry.
3i-backed NORMA acquires R.G.RAY Corporation
3i portfolio company NORMA Group has completed the acquisition of R.G.RAY Corporation.
Deutsche promotes Bagshaw to head of PE unit
Adam Bagshaw has reportedly been promoted to head of Deutsche Bank's private equity unit, replacing Rob Firth, who left the bank last month to join Bank of America Merrill Lynch.
3i returns up in 2009/10
3i made a gross portfolio return of £843m according to its full year results, after suffering losses in excess of £2bn in the previous financial year.
Former fund managers sue 3i
Two former 3i fund managers have reportedly sued the company for £3.06m each in shares and cash performance bonuses, following the closure of a fund they were hired to run.
3i appoints Sir Adrian Montague as chairman
The board of 3i Group plc has appointed Sir Adrian Montague CBE as chairman, effective following 3i’s AGM in July 2010.